{
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Collateralised structure",
        "No capital protection",
        "High risk profile (Class 6/7)",
        "Long maturity (2071)",
        "Potential illiquidity"
    ],
    "classification": "complex",
    "supporting_data": "The LS 1x Amazon Tracker ETP is classified as complex under MiFID II due to several factors: 1) It is a collateralised exchange-traded product (ETP) rather than a traditional ETF, which inherently introduces counterparty risk; 2) The product has no capital protection and carries a high risk profile (Class 6/7 on the risk scale); 3) The long maturity date (2071) and potential illiquidity before maturity add complexity; 4) While it uses physical replication (direct investment in Amazon shares), the collateralised structure and lack of UCITS compliance suggest higher complexity. The PRIIPs KID would likely contain a 'comprehension warning' (not shown here), which is a strong indicator of complexity under MiFID rules. The fact that it is intended for investors with 'specific knowledge or experience' further supports this classification.",
    "confidence": 90
}